Property description

** investment property. Cash buyers only **

** Due to covid - the property's income is currently £0 and is suspended due to students not being able to return to university **

These student apartment blocks are fully managed for you and are a great way of getting a better return on your money than just having the funds sat in a bank account.

For 2019, the current vendor had a return of £598 every Quarter. The only deduction from the £2,392 rental income is a yearly ground rent of £300.

Great investment buy in popular investment block within Loughborough town centre. This spacious studio with en-suite has already got a let agreed so will earn money from day one with the management company.

The property is made up of clusters, these are arranged by floor level with 7 rooms to one kitchen or 13 to two kitchens.

This airy Classic en-suite room is found on the first floor and is sold as seen with ¾ sized bed, wardrobe, storage space, a large study desk as well as a microwave and mini fridge in room.

Shared facilites for the block;
Common Room
Disabled Access
TV (communal)
WiFi
Cooker
Freezer
Microwave
¾ Bed Desk & Chair En Suite
Lockable Bedroom
Bike Storage
Cleaner
Laundry Room

Investor information;
Property currently rented by the building management company.

Located in the town centre and in walking distance to all local amenities including local bars, supermarkets and Loughborough University. There is also bus links to and from the University campus.

A very good was of making a better return on your money. No bank pays over £2,000 per year on an investment of £38,000.

You do not have to find tenants yourself as this is all included in the £300 management fee.

Lease Information

Service Charges: There is no service charge. The property yields a fixed amount of return every month, paid to the investor quarterly.

Ground Rent: There is a charge of £300 per unit per year.

The Management: This is also managed by the company above. They are in charge of all advertising and setting up the lettings contract agreements for the tenants. There is no additional cost for this.

Built in 2015 with a 125 year lease.

For the year 2019, the current vendor had a return of £598 every Quarter. The only deduction from the £2,392 rental income is a yearly ground rent of £300.

Disclaimer For Virtual Viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
Amenities

Investment property

Cash buyer

One bedroom

En-suite

Popular student let location

Town centre location

Shared communal areas

First floor